Martin Lewis is a financial journalist and broadcaster with a net worth of £123 million as of 2023. Let’s dig a little deeper into this man to discover exactly who he is and how he built his wealth.
Background
Martin Lewis was born in London, England on the 9th of May 1972, which makes him 49 years old. After studying broadcast journalism, he went on to start a journalism career with the BBC. Martin worked on Radio Five Live and Radio 4’s Today Programme. He then went on to work on Simply Money and the Martin Lewis we know and love today started to emerge, he definitely found his niche when it comes to finance. He was passionate about helping people make good financial decisions and launched his website soon after. The majority of his net worth is through his website and the popularity he gained from it.
He has a TV show called “The Martin Lewis Money Show”, and he often appears on Good Morning Britain with Susanna Reid and other TV shows. There is no doubt that Martin Lewis is careful with his money and puts it to good use as he encourages others to do! Over the years, he has launched many campaigns along with an army of fans that have been successful. This includes getting rid of unfair bank charges, capping energy bills, and more.
MoneySavingExpert
Martin Lewis is the founder of MoneySavingExpert.com, which he launched in February 2003. He often boasts how he paid just £100 to build this website and its success was enormous. The website itself details ways that people can save money in various aspects of their life including utilities, credit cards and mortgages.
There is also a forum on this website where people share advice and encourage one another to get out of debt and save. He went on to sell the site for up to £87 million to MoneySupermarket, a financial comparison site. As part of the deal he received £35 million in cash plus shares in MoneySupermarket.com worth £25 million.
In 2015, he sold these shares for £25.2 million. Mr Lewis kindly handed over £4.75m to the Charities Aid Foundation. Despite the fact he sold the website, he still remains heavily involved, which no doubt continues raking in a lot of money for him.
Personal life
Martin is married to Lara Lewington, who is a TV journalist and former weather girl. They got married in 2009 and have a daughter together soon. He was given an OBE by the queen in 2014 for services to consumer rights and charity.
Online scam ads
As Mr Lewis is a highly respected figure, fraudsters like to use Martin’s face to scam vulnerable people. A retired teacher lost £125,000 investing in an online Bitcoin scam and I’m sure she’s not alone. In 2018, he took Facebook to the High Court after 1,000 ads appeared on the site abusing his name. Martin settled the lawsuit for £3 million and agreed to donate the sum to an anti-scam charity.
